Kraken Robotics (CVE:PNG) Given New C$6.50 Price Target at Desjardins

Kraken Robotics (CVE:PNG) had its target price increased by Desjardins from C$5.00 to C$6.50 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on PNG. Raymond James Financial increased their price target on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday. National Bankshares raised their price target on Kraken Robotics from C$5.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Scotiabank raised Kraken Robotics to a “strong-buy” rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Kraken Robotics has an average rating of “Buy” and an average target price of C$6.06.

Kraken Robotics Trading Up 11.3%

Shares of PNG opened at C$6.00 on Tuesday. The stock has a market cap of C$1.84 billion, a PE ratio of 85.71 and a beta of 1.07. Kraken Robotics has a 52-week low of C$1.98 and a 52-week high of C$7.44. The firm’s fifty day moving average is C$5.57 and its two-hundred day moving average is C$4.02. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.